Business Law - Assessment 3: Problem Question Analysis and Solutions

This assignment presents solutions to two problem questions in business law. The first question examines issues of corporate law, specifically addressing the enforceability of a restraint of trade clause and the application of the corporate veil doctrine. The analysis explores whether a company can prevent a former employee from operating a competing business and whether a bank can hold an individual personally liable for a company's debt. The second question delves into partnership law, focusing on the liabilities of partners for the actions of other partners. It analyzes the scope of a partner's authority to bind the firm, considering the impact of a partnership agreement and the actions of partners exceeding their authority. Both questions utilize the ILAC (Issue, Law, Application, Conclusion) method to provide a structured and comprehensive legal analysis, supported by relevant case law and statutory provisions.